Royal Company of the Philippines
The Royal Company of the Philippines was established in 1785 for the promotion of direct trade between Spain and the Philippines. This exempted Philippine goods from tariff and encouraged the growth of cash crop economy since early profits of the company was invested in the cultivation of sugar, indigo, peppers, silk, and textile factories.
- "The Decline of the Spanish Rule." CountryStudies.US. (Accessed on 24 April 2009)